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Why would this be useful? If you wanted to come back and look up your quotes, or buy anything else from us, you'd find all your details still here, so you wouldn't have to answer all the questions again - a bit of a result

Your personalised chance of approval

We've taken the details you gave, and used them to show you personalised scores to tell you the chance that your application for each card would be successful.

Why is this important?

Every time you apply for a credit card, a mark is left on your credit score. That means it's better get it right first time. Your scores help you understand which cards you have the strongest chance of getting.

It's easy!

The higher the score, the stronger chance you have of getting the card. If you see a very low score, you're probably better off choosing a different card.

Your chances are good

10/10

9.5/10

9/10

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1/10

Not eligible

Consider a different card

If you see a high score, you can be fairly confident. The scores aren't a guarantee, as acceptance of your application is at the sole discretion of the card issuer, but they should help guide your choice.

If you see a pre-approved score it may be subject to you passing additional fraud checks by the provider.

Not rated

In some cases, we will not be able to display a score for a product because we do not have enough information about the card issuer’s acceptance criteria or we have not been able to match your details at the credit bureau.

We work closely with our partners to improve our eligibility scores for all products that are of interest to you.

What is a balance transfer card?

A balance transfer card allows you to pay off existing store and credit card debt by moving the balance onto a new card with a lower interest rate. It helps you clear debt faster because you reduce the amount you pay on interest.

Cut the cost of debts

Many of us have run up debts on several credit and store cards. This could be costing us a fortune in interest - the typical rate on some store cards is as high as 30%.

A balance transfer card could help you cut the cost of your debts. Simply switch the outstanding balance on your high-rate credit cards to a cheaper balance transfer deal. You could easily cut your interest payments in half, or even down to zero with a 0% balance transfer card.

The card issuer will set a limit on the amount that you can transfer, but you can switch debts from any number of cards as long as you stay within the limit. This could, for example, be 95% of your agreed credit limit on the new card.

0% balance transfer cards

Let’s say you have built up debts on a credit card or a store card. If you transfer the debt to a card that charges 0% for 12 months, you would pay no interest for a year. If you clear the debt before the 0% period expires, the balance transfer card works like an interest-free loan.

It’s a good idea to set up a direct debit to make the necessary payments. You can then be sure to pay off the outstanding balance in time. And don’t forget to cut up your expensive credit cards once you’ve cleared the balances. Otherwise, you might be tempted to go on a spending spree and run up more debts!

Balance transfer fee

Most balance transfer cards charge a fee of between 2% and 3% of the amount you transfer. So, if you switch a balance of £1500, you could pay a fee of up to £45. But don’t let the fee put you off. In many cases, you can more than make up for the cost in the amount you save in interest.

Some balance transfer cards offer good deals on purchases as well as balance transfers, so you can also spend on the card. But you should check the terms and conditions. A card might, for example, charge 0% on balance transfers for 12 months, but 0% on purchases for only three months. You therefore have to manage your money carefully.

It often works out better to take out two separate cards, one for balance transfers and one for purchases. That way, you can take full advantage of the best deals on the market and make the best savings. Remember, though, that card companies are fussy about their customers, reserving the best deals for applicants with a high credit score.

You can’t usually transfer a balance to another card from the same company

Penalty charges

Watch out for charges on balance transfer cards. You don’t normally have to pay an annual fee, but you’ll have to pay a penalty if you’re late with a payment, miss a payment, or go over your limit.

There are a number of balance transfer credit cards on the market, but it’s easy to compare the best balance transfer deals with MoneySuperMarket’s free, independent comparison service. It’s a quick and easy way to find the right card for you, and save yourself some money.

We're free and independent, and we offer exclusive deals you can't get anywhere else.